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  • #271,301
  • Jul 14, 2010 9:12pm Jul 14, 2010 9:12pm
Quoting rajesh68
i am unable to correlate between good china GDP11.1% and move in dollar. Please explain
China Q2 GDP growth is slowed, but the inflation is eased. HSI is moderately up.
  • #271,302
  • Jul 14, 2010 9:12pm Jul 14, 2010 9:12pm
This 15 min Morning Star was the hint that news was going to blow it in the long direction.

Jim

Quoting Nene
I could just feel everyone loading on shorts when the DPP was broken so easily. They pulled that crap the other night too, that is why I was a littlewary thinking it may have opposite results. But as I said before, the Sucker Bar trade is a 90 % success rate and I am going with it until it stops out or hits 2 for 1, or double stop limit which will be 102 pips.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #271,303
  • Jul 14, 2010 9:12pm Jul 14, 2010 9:12pm
Watch the 1.2750 area
  • #271,304
  • Jul 14, 2010 9:14pm Jul 14, 2010 9:14pm
Quoting rajesh68
i am unable to correlate between good china GDP11.1% and move in dollar. Please explain
China is the big factory of the world, big commodities consumer. The rest is simple math.
  • #271,305
  • Jul 14, 2010 9:15pm Jul 14, 2010 9:15pm
Quoting Nene
The Sucker Bar trade is a 90 % success rate and I am going with it until it stops out or hits 2 for 1, or double stop limit which will be 102 pips.

Jim
Not sure what this means, could you decode it for me into easy interpretation

Thanks
  • #271,306
  • Jul 14, 2010 9:17pm Jul 14, 2010 9:17pm
Quoting Nene
Watch the 1.2750 area
I'm watching 1.2780 area, that's the strong one. Lot of stops there.
  • #271,307
  • Jul 14, 2010 9:18pm Jul 14, 2010 9:18pm
Bullish pairs
#1787 #1788 #1789 #1790 #1792 #1794 #1795
(already at D #1798 )
  • #271,308
  • Jul 14, 2010 9:23pm Jul 14, 2010 9:23pm
Strange thing happen the previous GDP number is erased. I can't see it anymore, and instead there is a "Tentative" message.
Edit: added screencapture.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot_006.png Size: 4 KB
  • #271,309
  • Jul 14, 2010 9:25pm Jul 14, 2010 9:25pm
The Sucker Bar ocours when you have an Inside Bar setup. I get a lot of pips on SB trades after News releases. Really guys, leave the news releases alone and you will make more pips. Anyway, the IB is broken usually in the counter direction or against the immediate trend by just a few pips. Then rips in the other direction for a gain of 2 to 1 in relation to the stop. Example his morning is below.

PS: I moved My stop so you could see this better.

Quoting beyond
Not sure what this means, could you decode it for me into easy interpretation

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #271,310
  • Jul 14, 2010 9:28pm Jul 14, 2010 9:28pm
Quoting kandarv
Strange thing happen the previous GDP number is erased. I can't see it anymore, and instead there is a "Tentative" message.
Edit: added screencapture.
Wow, now is not as good as before, in fact is bad 10.3%.

What would happen now?
  • #271,311
  • Jul 14, 2010 9:34pm Jul 14, 2010 9:34pm
Quoting kandarv
Wow, now is not as good as before, in fact is bad 10.3%.

What would happen now?
yes, it shows now 10.3%
  • #271,312
  • Jul 14, 2010 9:39pm Jul 14, 2010 9:39pm
Quoting Nene
The Sucker Bar ocours when you have an Inside Bar setup. I get a lot of pips on SB trades after News releases. Really guys, leave the news releases alone and you will make more pips. Anyway, the IB is broken usually in the counter direction or against the immediate trend by just a few pips. Then rips in the other direction for a gain of 2 to 1 in relation to the stop. Example his morning is below.

PS: I moved My stop so you could see this better.
Thanks for sharing. So how you trade this. by placing a buy stop at the inside bar top?
  • #271,313
  • Jul 14, 2010 9:42pm Jul 14, 2010 9:42pm
Yea, bascally, if I am going away I will place them both. You will sometimes get stopped out on the first but if you hit limit on 2nd you still make half on it. Stay with the trend and you will be fine.

Quoting rajesh68
Thanks for sharing. So how you trade this. by placing a buy stop at the inside bar top?
  • #271,314
  • Jul 14, 2010 9:44pm Jul 14, 2010 9:44pm
Stops go beyond the larger bar, so you will have to look at how long that bar is and decide if you want to take the risk. I have seen them on the pound and Geppy that were 200 pips long.

Quoting rajesh68
Thanks for sharing. So how you trade this. by placing a buy stop at the inside bar top?
  • #271,315
  • Jul 14, 2010 9:45pm Jul 14, 2010 9:45pm
This indicator will point out all Inside Bars for you.

Quoting Nene
I have my own indicator for spotting these Inside Bars if you want just click below.
Attached File(s)
File Type: ex4 NENESH1H1_IB_Indicator.ex4   6 KB | 282 downloads
  • #271,316
  • Jul 14, 2010 9:51pm Jul 14, 2010 9:51pm
Quoting Nene
The Sucker Bar ocours when you have an Inside Bar setup...........
2nd down red candle was also an inside bar.

I look for how long does it take to reverse a wide range candle to tell the strength or lack of heading the other way. Not much in this case so higher it went.
  • #271,317
  • Jul 14, 2010 9:51pm Jul 14, 2010 9:51pm
Use only on 4 hr and up

Quoting Nene
This indicator will point out all Inside Bars for you.
  • #271,318
  • Jul 14, 2010 9:52pm Jul 14, 2010 9:52pm
Quoting Nene
This indicator will point out all Inside Bars for you.
great thanks, good help and info
  • #271,319
  • Jul 14, 2010 9:52pm Jul 14, 2010 9:52pm
Yea, your correct, I called it a double IB yesterday when I found it.

Quoting SunTrader
2nd down red candle was also an inside bar.

I look for how long does it take to reverse a wide range candle to tell the strength or lack of heading the other way. Not much in this case so higher it went.
  • #271,320
  • Jul 14, 2010 9:52pm Jul 14, 2010 9:52pm
Quoting Nene
This indicator will point out all Inside Bars for you.
And to think that in more than two years of trading I've never use MT4, but sometimes I envy people who do when they share indicators, even if I don't use indicators, but still, sharing is good.

Maybe I should write some "Strategies" on the jForex platform of Dukascopy.
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